Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Should God be replaced? -- Ignore unavailable to you. Want to Upgrade?

To: Solon who wrote (22291)	8/19/2005 12:10:44 AM
From: 2MAR$	Read Replies (1) \| Respond to of 28931

Do you believe in "Pi in the Sky" ? In the worlds newest religion, God's name is ---->GOOG! Google Inc. announced a massive 14.2 million-share offering valued at more than $4 billion, with its vagueness about the intended use of the proceeds setting off widespread speculation about the Web search giant's next move. The Mountain View, Calif., company's filing with the U.S. Securities and Exchange Commission, coming one year after its Aug. 19, 2004, initial public offering of stock, said Google intends to use the net proceeds for working capital and possible acquisitions of complementary businesses, technologies or other assets. But it added that is has "no current agreements or commitments with respect to any material acquisitions." Some analysts speculated Google was raising the money to fund acquisitions outside the U.S., especially in Asia, where the company has said it hopes to expand aggressively. Others said Google could potentially use the proceeds to finance acquisitions and activities related to a speculated push in telecom-related services, such as voice over Internet calling, which the company doesn't currently offer. The offering comes amid stepped-up competition in Web search, Google's core activity, and Internet services in general. Microsoft Corp.'s MSN is testing a search-related ad network to compete with Google's. Yahoo Inc. last week announced plans to pay $1 billion and hand over all of its Chinese operations to Alibaba.com Corp. in return for a 40% equity stake in the Chinese e-commerce company. News Corp. said last week it hopes to build an Internet portal and is in negotiations to buy a controlling interest in a search engine. People familiar with the matter say the search engine News Corp. was referring to is small, closely held Blinkx. A Blinkx spokesman declined to comment. The offering, which will increase the amount of its Class A shares outstanding by 8%, would more than double Google's cash balance, which stood at $2.95 billion at the end of June. It comes at a time when Google's Class A shares are fetching a lofty $285.10, as of Wednesday's closing price on the Nasdaq Stock Market. In midday trading Thursday, the stock was down 2.2%, or $6.14, to $278.96. While Google's plans for the cash remain a mystery, the company left a clue that suggests the size of the offering wasn't arbitrary. The number of shares Google plans to sell is 14,159,265. Those are the first eight digits that follow the decimal in the value of pi (3.14159265), which is a number that represents the ratio of the circumference of a circle to its diameter. It is a figure that Google's co-founders, Larry Page and Sergey Brin, who were both raised by college professors and studied computer science, no doubt are familiar with. Asked about the figure, a company spokesman replied, "the document speaks for itself." Must be the work of Satan !